With the cost of college going through the roof and college debt growing at an alarming rate, Net Price is rapidly becoming the most important factor to consider when deciding on which college to attend.
You won’t learn exactly what your Net Price is at a given college until after you are accepted and receive your financial aid package. This often arrives late in the senior year, long after you’ve spent time, money, and stress on the application, campus visit, and interview(s).
But, is it possible to get a realistic idea of what a college will cost you before you go through the hassle and expense of applying to that college? The answer is YES you CAN by understanding what Net Price is and how it’s determined.
What Is Net Price?
Net Price is the actual amount of money you are responsible for paying to attend a college.